# Vestas acquires MHI's shares in MHI Vestas Offshore Wind joint venture

Vestas closed the agreement to acquire Mitsubishi Heavy Industries' shares in the MHI Vestas Offshore Wind joint venture, while MHI acquired 2.5% of Vestas and a board seat. The integration is expected to complete by February 1, 2021.

- Type: Acquisition
- Announced: 2020-12-14
- Where: Denmark
- Status: completed
- Products: offshore wind turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (target)
- [MHI Vestas Offshore Wind](https://endata.com/companies/571.md) (target)
- [Vestas](https://endata.com/companies/1364.md) (acquirer)

## Sources

- [gulfoilandgas.com](https://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=906215), 2020-12-14: "Vestas and Mitsubishi Heavy Industries, Ltd. (MHI) have closed the agreement to expand their partnership in sustainable energy."
- [vestas.com](https://www.vestas.com/en/media/company-news/2020/vestas-and-mitsubishi-heavy-industries-close-partnershi-c3254048), 2020-12-14: "By closing the agreement, Vestas has acquired MHI's shares in the MHI Vestas Offshore Wind (MVOW) joint venture, while MHI has acquired 2.5 percent in Vestas and will be nominated to a seat in Vestas' Board of Directors."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.